An investor has filed a lawsuit in a California federal court against World Liberty Financial, alleging wrongful actions regarding $WLFI tokens. The plaintiff claims that the project team froze their tokens, revoked voting rights on governance proposals, and threatened to burn the tokens without justification. The lawsuit seeks to restore the investor's rights and ensure equal treatment among early investors.
The investor also opposes a new governance proposal by World Liberty, which mandates a 10% burn of advisor tokens and imposes a two-year cliff and vesting schedule for early purchaser tokens. The proposal, if passed, would indefinitely lock tokens of those who do not accept its terms. The investor argues that these measures are detrimental to the community and contrary to the principles of fairness and transparency in the crypto space.
Investor Sues World Liberty Financial Over $WLFI Token Dispute
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